In looking at this chart we are having trouble penetrating past the 199.73 -75' level
After price action goes up and down to the fib levels we have now formed a opportunity.
I had this question the other day - would you take the lower entry to minimize your risk, and can you handle watching a trade run away from you. Or would you be more worried if you enter the and lose more in risk
This will come down to your rules, what patterns you favor more in your testing which has produced a better overall return.
With the previous and Bat on this same pair - I took the lower entry being the because this pattern is more favorable in this pair after reviewing my trade plan and back and forward test results.
Follow your rules and trade your plan - good luck all
Standard Entries Stops and Targets have been set - As always color coded for easy review.
Happy Trading All